Rathi Steel & Power Ltd, a public listed company, has announced its financial results for the first quarter of FY25, reporting a revenue of ₹127.7 crore. This reflects a stable financial performance for the company amidst the ongoing industry challenges.
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter stood at ₹5.9 crore, and Profit After Tax (PAT) reached ₹2.7 crore, showcasing consistent growth. Rathi Steel’s leadership highlighted that these results align with their expectations, marking a successful beginning to the financial year.
A significant milestone for the company this quarter was the completion of its plant modernization project and cost optimization initiatives. These efforts are expected to improve operational efficiency and further position the company to capture more opportunities in the stainless steel market.
The company remains debt-free since March 2024 and has re-entered the banking sector, allowing it to focus on expanding its product portfolio and making inroads into value-added products. This strategic shift will enable Rathi Steel to maintain its competitive edge and cater to growing market demands in the infrastructure and stainless steel sectors.
The company expressed optimism for the upcoming quarters, citing that they are well-positioned to leverage market opportunities despite the industry’s current sluggishness.
